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Asphalt Mixing Plants Market Size, Surging Demand, Detailed Analysis, Major Players And Forecast To 2032
Asphalt Mixing Plants Market Analysis
The Business Research Company's Asphalt Mixing Plants Global Market Report 2023 identifies rise in infrastructure investments as the major driver for the asphalt mixing plants market's growth in the forecast period. Infrastructure investment refers to the distribution of financial resources for constructing, upkeep, and enhancing physical buildings and structures that support social and economic well-being. Asphalt mixing paints in infrastructure development are used in constructing and maintaining roads, highways, airports, and other transportation networks.
The global asphalt mixing plants market is expected to grow from $6.39 billion in 2022 to $6.6 billion in 2023 at a compound annual growth rate (CAGR) of 3.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The asphalt mixing plants market is expected to reach $7.26 billion in 2027 at a CAGR of 2.4%.
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Major competitors in the asphalt mixing plants market are Zoomlion Heavy Industry Science & Technology Co. Ltd., Marini s.p.a, Sany Heavy Industry Co. Ltd., Astec Industries Inc., Aimix Group Co. Ltd., GP Gunter Papenburg AG, Ammann Group Holding AG, Nikko Company Limited, The Benninghoven GmbH & Co. KG.
A key trend in the asphalt mixing plants market includes product innovations. Major companies operating in the asphalt mixing plants market are innovating new products to sustain their position in the market. For instance, in February 2021, Wirtgen Group, a Germany-based machinery industry company, launched KMA 240, a new mobile cold mixing plant for sustainable recycling. It can process 240t of mix made from various building materials each hour in an eco-friendly manner. It is significantly assisting in guaranteeing that recycled building materials are incorporated back into the process of building roads as a high-quality mix. The cold recycling mixing plant has its engine unit installed on a flatbed semitrailer.
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The asphalt mixing plants market is segmented -
1) By Product: Batch Mix, Drum Mix, Continuous Mix
2) By Process: Batch, Continuous
3) By Capacity: Below 50T/H, 50-150T/H, 151-300T/H, Above 300T/H
4) By Application: Road Construction, Parking Lots, Pedestrian Paths, Bridge
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the asphalt mixing plants market.
The Business Research Company's "Global Asphalt Mixing Plants Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Asphalt Mixing Plants Market Include:
1. Executive Summary
2. Asphalt Mixing Plants Market Characteristics
3. Asphalt Mixing Plants Market Trends And Strategies
4. Asphalt Mixing Plants Market - Macro Economic Scenario
……
32. Global Asphalt Mixing Plants Market Competitive Benchmarking
33. Global Asphalt Mixing Plants Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Asphalt Mixing Plants Market
35. Asphalt Mixing Plants Market Future Outlook and Potential Analysis
36. Appendix
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